Commentary

I5.1201 An introduction to the residence of trustees

IHT, trusts and estates

I5.1201 An introduction to the residence of trustees

Division I5.12     Income tax and CGT for non-resident settlements

For updates affecting this Division please see Part I0 Updates

Residence status of trusts and trustees

I5.1201 An introduction to the residence of trustees

The liability to UK income tax and CGT of trustees of a settlement and of beneficiaries and settlors depends to a large extent on whether the trustees as a body are treated as resident or not resident in the UK. For the residence status of trustees (see I5.1205).

A settlement whose trustees are regarded as not resident in the UK is described in this Division as a non-resident settlement

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